Apple Selling Pick Axes

Smart insight from George Buckenham about the rush to build apps.

There are 160,000 developers for iOS. Assuming each one buys an iPhone to develop for ($300 profit) and a single year developer account costing $99, they’ve generated $64 million of profit for Apple before they’ve even opened XCode.

Recall that one of the biggest bonanzas of the California Gold Rush went to Levi Strauss.

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